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$789,999
Status: For Sale
This property offers an outstanding investment opportunity in a highly desirable location in Waterloo. The licensed 9-bedroom rooming house sits on a generous 40x119 lot, with all rooms currently rented, generating a solid income of over $6000 per month. Excellent opportunity to continue renting or rebuild a home. Many multimillion-dollar homes are being constructed and sold in the neighborhood and on the street. The tenants are cooperative, pay on time, and are willing to stay or vacate as required. Additional income is generated from parking and laundry services. The property's close proximity to the universities and convenient access to public transit, combined with its peaceful location, make it an ideal choice for students. The property is consistently in high demand among renters and has been recently painted.
Property Type | :Residential |
MLS Number | :40600635 |
Listing Type | :Sale |
Property Age | :31-50 Years years |
Possession Date | : |
Last Updated | :07 Jun, 2024 (104 Days ago) |
Source | :Mississauga |
Area | :Waterloo |
City | :Waterloo |
Area Major | :4 - Waterloo West |
Area Minor | :417 - Beechwood/University |
Postal Code | : N2L 2W4 |
Directions | :Erb & University Rd |
Price | : $789,999 |
Property Taxes | :$5077.29 |
Tax Year | :2024 |
Bedrooms | :9 + |
No. of Rooms | :15 |
Air Conditioning | :Central Air |
Heating | :Forced Air |
Place of Worship | :No |
Cross Street | :Erb |
Bathrooms | :2 |
Approx Square Footage | :2042 sqft |
Kitchen/Dining Room | :3.61 m x 1.80 m |
Bedroom | :3.10 m x 2.87 m |
Bedroom | :2.72 m x 3.43 m |
Bedroom | :2.92 m x 3.76 m |
Utility Room | :3.73 m x 1.75 m |
Bedroom | :3.10 m x 2.97 m |
Bedroom | :2.97 m x 3.15 m |
Bedroom | :3.63 m x 2.54 m |
Bedroom | :3.15 m x 3.05 m |
Parking Space | :4 |
Basement | :Walk-Up Access |
Park | :Park |
05 Jun, 2024
TREB #40600635
Price Change
$789999